The Twitter founder is one of the big proponents of Bitcoin and other cryptocurrencies

Today, let's take a look at how Square wants to drive bitcoin's mass adoption of open source software. It also includes tests by Bosch with Ethereum and other interesting news in the world of cryptocurrencies.

Bitcoin

Square is a large global payments processor based in San Francisco, USA. In a tweet, Square has now announced that they want to work on open source projects. These projects would not only make mass adoption easy, but make it “unstoppable”. The tweet itself was released under the new department name “Square Crypto.”

We are close to making our first hire. So let's set some expectations. True to @ jack's founding tweets, we are building that's not just possible but inevitable.

Our goal is not to make money, but to improve it.

– Square Crypto (@sqcrypto) May 21, 2019

Square is headed by Jack Dorsey, who is also the CEO of Twitter. As early as March of this year, Dorsey had announced Square's plans to recruit staff:

“Square is looking for 3 to 4 crypto engineers and 1 designer to work full-time on open source contributions to the Bitcoin and crypto environment. You can work from anywhere, report directly to me and we can even pay in Bitcoin! Here comes @SqCrypto. “

Square added Bitcoin to their payment app in January 2018. In the first quarter of 2019, the company reported an increase in sales of 72 percent.

The Square app is the # 1 financial app on the App Store, allowing its users to send each other money.

Ethereum

The company Bosch is currently testing solutions based on Ethereum. The goal is to connect machines through smart contracts. This reported the website Decrypt, citing a spokesman for Bosch. At the same time, however, Decrypt explained that Bosch did not say exactly how to use Ethereum and the Smart Contracts.

Ripple and Ripple XRP

Thailand's Siam Commercial Bank (SCB) has indicated future use of Ripple XRP. In response to a question asked via Twitter, the bank responded:

“We'll be using Ripple's blockchain technology, but with regards to [ripple] XRP, please wait for more announcements.”

We want to use Blockchain Technology for ripple but as for XRP, you may have to wait for further announcement.

– SCB Thailand (@scb_thailand) May 22, 2019

This should be understood that the bank wants to use the ripple solution xCurrent in the future. A decision in favor of xRapid based on Ripple XRP has apparently not been made.

Litecoin

The latest issue of “The Lite Podcast” has been released. This is an interview with the developer Lisa Neigut. As part of the interview, Neigut presents its classification of Lightning Nodes. In doing so, she uses a framework that she recently presented at New York's “Magical Crypto Conference”.

Tron

The BitTorrent file sharing platform, part of Tron, is partnering with Binance for an open Q & A session. The round is aimed at Russian crypto friends and should therefore be held in Russian.

We want to be hosting AMA with @Binance in Russian on May 23, 2019, from 9-10AM PST! Please tune in to learn more about #BitTorrent, #TRON, #BTT, and #BitTorrentSpeed! https://t.co/ghcN46NZex

– BitTorrent Inc. (@BitTorrent) May 21, 2019

Cardano

Cardano's co-founder Charles Hoskinson has posted a new video on YouTube. In it Hoskinson outlines the soon to be released testnets of the update “Shelley”. With this update Cardano wants to reach a whole new level of decentralization on its platform.

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